Asia-Pacific: Albumins And Albuminates Market 2024

Albumins And Albuminates Market Size in Asia-Pacific

The Asia-Pacific albumins and albuminates market surged to $X in 2022, rising by X% against the previous year. Over the period under review, consumption, however, saw a resilient increase. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in years to come.

Albumins And Albuminates Production in Asia-Pacific

In value terms, albumins and albuminates production stood at $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Albumins And Albuminates Exports

Exports in Asia-Pacific

In 2022, after two years of growth, there was significant decline in shipments abroad of albumins, albuminates and other derivatives (excluding egg albumin), when their volume decreased by X% to X tons. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of X%. The volume of export peaked at X tons in 2021, and then declined in the following year.

In value terms, albumins and albuminates exports skyrocketed to $X in 2022. Over the period under review, exports, however, enjoyed a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, New Zealand (X tons) was the major exporter of albumins, albuminates and other derivatives (excluding egg albumin), achieving X% of total exports. It was distantly followed by Australia (X tons), mixing up a X% share of total exports. Singapore (X tons) took a minor share of total exports.

Exports from New Zealand increased at an average annual rate of X% from 2012 to 2022. At the same time, Singapore (X%) and Australia (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. Australia (X p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) remains the largest albumins and albuminates supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Australia ($X), with a X% share of total exports.

In New Zealand, albumins and albuminates exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Australia (X% per year) and Singapore (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, rising by X% against the previous year. Export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Albumins And Albuminates Imports

Imports in Asia-Pacific

In 2022, overseas purchases of albumins, albuminates and other derivatives (excluding egg albumin) decreased by X% to X tons for the first time since 2014, thus ending a seven-year rising trend. Overall, imports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021, and then fell in the following year.

In value terms, albumins and albuminates imports soared to $X in 2022. Over the period under review, imports, however, showed a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons) and Japan (X tons) were the main importers of albumins, albuminates and other derivatives (excluding egg albumin) in 2022, accounting for approx. X% and X% of total imports, respectively. India (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (X%) and Singapore (X%). The following importers - Taiwan (Chinese) (X tons) and Indonesia (X tons) - each recorded a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Singapore (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest albumins and albuminates importing markets in Asia-Pacific were China ($X), Japan ($X) and India ($X), with a combined X% share of total imports. South Korea, Singapore, Indonesia and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Singapore, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, increasing by X% against the previous year. In general, the import price saw a mild expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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